Multibagger penny stock below Rs 10: Company imports machinery from China worth Rs 3,50,00,000, approx. to boost production capacity
The stock gave multibagger returns of 365 per cent in 3 years and a whopping 800 per cent in 5 years.
Based in Jamnagar, India, Sprayking Limited, a leading manufacturer of plumbing fittings, announced on May 19, 2025, the successful import of state-of-the-art machinery from China. This strategic move is set to increase their daily production capacity by approximately 1 ton. The machines are worth Rs 3,50,00,000, approx. The newly acquired equipment includes 2 rotary transfer machines, 2 double head CNC machines, 2 CNC machines with rotary chuck and power turret, 2 CNC machines with servo operated stationary (slant bed), 2 CNC machines with servo operated stationary (flatbed), 2 CNC linear machines (flat bed), and an additional 7 CNC linear machines (flatbed).
This significant investment is projected to bring about several key improvements for Sprayking Limited. The enhanced production capacity of roughly 1 ton per day will enable them to cater to larger orders more effectively. The advanced CNC machines will ensure high precision and quality in their manufacturing processes, meeting the exacting standards of customers seeking precision goods in quantity. Moreover, the increased efficiency gained from these new machines will allow Sprayking Limited to offer more competitive pricing while maintaining quality. Ultimately, these upgraded capabilities will empower Sprayking Limited to adhere to strict delivery timelines, ensuring products reach customers within the agreed-upon timeframe.
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Sprayking Limited, formerly known as Sprayking Agro Equipment Limited, has rebranded to reflect its evolving business strategy and expanding aspirations in the market. Established in 2005, the company is a distinguished manufacturer specialising in brass and copper components, encompassing fittings, forging equipment, transformer parts, and customised products. Beyond these offerings, Sprayking continues its involvement in the manufacturing and trading of agricultural sprayer parts, garden fittings, extruded brass rods, and lead-free brass fittings. Driven by a commitment to quality craftsmanship and supported by a cutting-edge Research and Development facility, Sprayking has cultivated a significant global footprint, serving a diverse clientele across the USA, Europe, Australia, Canada, South Africa, UAE, and India.
The company has a market cap of over Rs 70 crore and currently the stock is trading below Rs 10 per share. The stock gave multibagger returns of 365 per cent in 3 years and a whopping 800 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.